Roundup: CBOT agricultural futures show promising prospects

CHICAGO, Jan. 9 (Xinhua) -- Corn and soybean in Chicago Board of Trade (CBOT) agricultural futures soared to seven-year highs while wheat remained steady to slightly weaker in the past week.

Chicago-based research company AgResource stays bullish of agricultural futures under the background that a new stimulus package from the U.S. Democrats along with an expansion of pandemic vaccinations is allowing for growing confidence of an expanding economic recovery and greater demand for world raw materials. The company predicts a seasonal high not due until the middle of 2021.